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1948 S Sycamore Place Chandler, AZ 85286

3 Beds 3 Baths 1,850 sqft Built 2016

$388,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $209.73
  • 1 Days on Market
  • MLS # : 6165683
  • Updated Date : 11/28/2020 at 20:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,850 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

4 years new house, best location in South Chandler, closed to 101,202 major highway, Fashion Mall, all kind of shopping and restaurants. It is a 3 bedrooms plus a loft, 2 and half bath with 2 car garage, enclosed patio makes extra living area for you to utilized as excise room, computer room, whatever you like it to be used. There is also a lap pool in the community for you to enjoy. Granite counter top with gorgeous back splash, upgraded stainless steel appliances including refrigerator. High efficient washer and dryer are included as well, ceiling fans are in every bedroom, loft and great room, the list is on and on..you need to check it out yourself, won't last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$349,200$426,800$388,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,432
Property Tax -$226
Property Insurance -$63
HOA -$116
Property Management Fees -$99
CASH FLOW
$44

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$388,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,570

INVESTMENT

$108,570

Down Payment
$97,000
Rehab Estimate
$5,750
Closing Costs
$5,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,432

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,000
Loan Amount $291,000
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$29,852

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,975

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8253$2,0004$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1948 S Sycamore Place Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1523 W Marlin Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 2017
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.03
    •  
  • 1545 W Marlin Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,966 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,966 Sqft ∙ Built 2017
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 1954 S Sycamore Place Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,966 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,966 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
  • 1972 S Sycamore Place Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2017
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
PROPERTY LISTING DETAILS
Suling Hsu
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165683
Last Updated: 11/28/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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